found a potential property- need help
so i've found a potential first rental property price is 59k in ga.
- Price: $59000
- Estimated Fair Market Rent: $900
- Estimated Annual Property Taxes/Fees: $1250
- Estimated Annual Property Insurance: $980
arvs in the area is 85k-95k. Also the property needs Needs: Siding repair, gutter repair, exterior and interior paint, garage door repair, flooring, kitchen appliances, other minor repairs.
I have about 6500 cash right now, should i look for HML that may work with me? should i save more before investing?
looking for rental